Demand for Cosmetic Grade Phytoceramides to Soar in the Global Phytoceramides Market during 2023-2033
Analysis of Phytoceramides Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Phytoceramides Market Growth Outlook (2023 to 2033)
The global phytoceramides market is set to reach a valuation of US$ 274.9 million in 2023 and it is expected to grow at a CAGR of 5.4% to reach US$ 437.7 million by the end of 2033.
Phytoceramides, plant-based lipids that promote healthy skin from within, are a popular ingredient in natural anti-aging supplements. With increasing consumer awareness about their benefits, the phytoceramides market is expected to grow significantly in the coming years. As people seek natural and plant-based solutions for healthy aging, the phytoceramide market presents ample opportunities for companies to innovate and expand their product offerings.
Estimated Market Value (2023E)
US$ 274.9 Million
Forecasted Market Value (2033F)
US$ 437.7 Million
Global Market Growth Rate (2023-2033)
North America Market Share (2023)
East Asia Market Growth Rate (2023-2033)
Europe Market Growth Rate (2023-2033)
Key Companies Profiled
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Historic and Future Path for Phytoceramides Market
Ceramide is a naturally occurring lipid that is found in the skin, whereas phytoceramides are ceramides that are found in plants. Ceramides are a class of compounds, which consists of fatty acid, cholesterol, and protein found in the skin’s outer layer. Phytoceramides are useful in increasing ceramides in the skin, which is helpful in reducing signs of aging. Skin smoothing, skin therapy, skin renewable, and dry skin are some of the prime applications of phytoceramides.
- Short Term (2023-2026): As people seek natural and plant-based solutions for healthy aging, phytoceramides, plant-based lipids that promote healthy skin from within, have become a popular ingredient in natural anti-aging supplements. This has led to a surge in demand for phytoceramide-based supplements and is expected to drive the growth of the phytoceramides market in the coming years.
- Medium Term (2026-2029): The rising prevalence of skin disorders, such as eczema and psoriasis, has led to an increase in demand for phytoceramide-based skincare solutions. Phytoceramides, which are plant-based lipids that promote healthy skin from within, can help alleviate symptoms of these disorders by restoring the skin's natural moisture barrier. The growing demand for phytoceramide-based skincare solutions is expected to drive the growth of the phytoceramides market in the coming years.
- Long Term (2029-2033): With rising awareness of the harmful effects of chemical-based skincare products, consumers are seeking natural and plant-based alternatives such as phytoceramides. Phytoceramides, which are plant-based lipids that promote healthy skin from within, are a popular ingredient in natural and organic skincare products due to their natural composition. The growing awareness of the harmful effects of chemical-based skincare products is expected to drive the growth of the phytoceramides market in a long run.
Market Dynamics Outlook
“Increasing Preference for Non-Invasive Skincare Treatments Drives Phytoceramides Market Growth”
The increasing preference for non-invasive skincare treatments is one of the key drivers fueling the growth of the phytoceramides market. Invasive skincare treatments, such as chemical peels, microdermabrasion, and laser resurfacing, can be costly and come with risks such as scarring, infection, and skin damage. As a result, consumers are seeking out non-invasive alternatives that are gentler on the skin.
Phytoceramides, which are plant-based lipids that promote healthy skin from within, are a popular ingredient in non-invasive skincare treatments. Phytoceramides work by replenishing the natural ceramides in the skin, which helps to improve skin hydration, elasticity, and firmness. This can result in a more youthful and radiant complexion without the need for invasive treatments.
Furthermore, phytoceramides are available in various forms, including supplements, creams, and serums, which offer consumers a range of options for incorporating them into their skincare routines. As the demand for non-invasive skincare treatments continues to grow, the popularity of phytoceramides is expected to increase, driving the growth of the phytoceramides market.
“Availability of Synthetic Alternative to Restrain Market Growth”
Synthetic ceramides, which are produced in a laboratory, are often less expensive than natural phytoceramides derived from plants. This makes it challenging for manufacturers of natural phytoceramide products to compete on price with synthetic alternatives.
In addition, the lack of standardized regulations for phytoceramide products is also a restraint for the market. As with many dietary supplements and natural health products, there are currently no standardized regulations for phytoceramide products in many countries. This can lead to inconsistencies in product quality and safety, which can erode consumer trust in natural phytoceramide products.
Moreover, the limited awareness and understanding of phytoceramides among consumers is also a restraint for the market. Many consumers are still unaware of the benefits of phytoceramides and how they work to improve skin health from within. This can make it challenging for manufacturers to market and sell phytoceramide products to consumers.
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Why the U.S. is Likely to Increase Demand for Phytoceramides in the Coming Years?
The global personal care industry is valued at over US$ 500 billion and the US alone contributes to over 25% of the global personal care industry. This is anticipated to create high demand for the growth of phytoceramides during the forecast period, as demand for naturally derived products in the US increases because consumers demand natural ingredients in cosmetics and personal care products.
Current studies have found out, US women spend between US$ 1,000-3,000 on cosmetics products and are willing to spend more on cosmetics products that are naturally derived. Also, the US has the presence of some of the leading cosmetics and pharmaceutical companies such as Cosmetics Group USA, IMAGE Skincare, Grant Industries, and PRAI Beauty Group are expected to increase demand for phytoceramides during the forecast period.
How China Will Contribute to the Growth of the Phytoceramides Market?
China’s beauty and personal care products were valued at over US$ 50 billion in 2022. Increasing consumers’ standard of living and increased purchasing power are some of the prime factors for the growth of the cosmetics and personal care market in China. China is the second largest market for cosmetics products, accounting for over 20% of the global market. It has projected over 14% year-on-year growth in the cosmetics industry.
Increasing consumer awareness for naturally derived ingredients in cosmetics products to drive the demand for phytoceramides in China.
Which Grade of phytoceramides is Estimated to Capture Maximum Market Share?
Cosmetics grade is likely to capture the maximum market share in the phytoceramides market. By 2030, the global old age population is likely to cross 0-9 years of children population as per the data published by United Nations. Owing to this, demand for cosmetics products providing anti-aging benefits is likely to increase product sales.
Increasing awareness of skin aging and its care is considered the prime factor for the growth of anti-aging product demand. This will boost the demand for phytoceramides as they are commonly used in anti-aging treatment due to their capacity to rebuild the skin barrier system and preserve skin moisture content.
Manufacturers are also focusing on using phytoceramides in hair care products are a number of research are found them to have a beneficial effect on the thickness and strength of the hair.
Increasing demand for custom hair and skin care products that contain phytoceramides for better skin and hair are well suited for specific consumer requirements. This has increased the overall demand for plant-based ceramides in haircare and skincare applications.
The aforementioned factors are considered key factors for the growth of the cosmetics-grade phytoceramides during the forecast period.
How Will Powdered Ceramides Will Perform in the Coming Years?
Powdered ceramides are expected to perform well in the coming years and drive the growth of the phytoceramides market. Powdered ceramides are a popular form of phytoceramides, as they can be easily incorporated into supplements, functional foods, and beauty products.
One of the key factors driving the demand for powdered ceramides is their ability to promote healthy skin from within. As consumers become more health-conscious and seek out natural and plant-based ingredients, the demand for powdered ceramides is expected to grow.
In addition, the rising demand for nutricosmetics is expected to fuel the growth of the powdered ceramides market. Nutricosmetics are supplements or functional foods that support healthy skin, hair, and nails from within, and powdered ceramides are a popular ingredient in these products.
Moreover, the convenience of powdered ceramides is also expected to drive market growth. Powdered ceramides can be easily added to a variety of products, making them versatile ingredients for manufacturers in the beauty and wellness industries.
Know thy Competitors
Competitive landscape highlights only certain players
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Market Titans Key Strategies
Phytoceramides market prominent players are SEPPIC, Dongguan Xiherbs Phytochem, E.P.I France, King Herb, Matreva LLC, NUOJIA BIOTECHNOLOGY CO. LTD., PLT Health Solution, Vidya Labs are some of the prominent market players.
To gain the maximum market share phytoceramides players are investing heavily in research and development activities for discovering new end-uses of the phytoceramides and also developing innovative solutions to meet consumer requirements. Also, manufacturers are looking for collaboration with cosmetics and personal care manufacturers as they are considered the largest consumers of phytoceramide.
SEPPIC acquired E.P.I France in 2021 and added its phytoceramides products offering to its existing portfolios to improve its overall global presence.
Fact.MR has provided detailed information about the price points of key manufacturers of phytoceramides positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Phytoceramides Industry Research
By Source :
- Sweet Potatoes
- Kiwi Seed
By Form :
By Application :
- Nutritional Supplement
- Nutritional Supplement
By Grade :
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
- FAQs -
The global phytoceramides market is estimated to value at US$ 274.9 million in 2023.
The phytoceramides market is estimated to grow at 5.4% in the forecasted period.
The North American market is estimated to capture over 30.0% of the market share.
Cosmetics grade is anticipated to hold the maximum market share in the phytoceramides market.
The phytoceramides market is going to register a moderate growth rate in Europe with a significant CAGR of 5.3%.
SEPPIC, Dongguan Xiherbs Phytochem, E.P.I France, King Herb, Matreva LLC, NUOJIA BIOTECHNOLOGY CO. LTD., PLT Health Solution, Vidya Labs are some of the prominent market players in the phytoceramides.